As expected, the averages are giving back a little. The bulls are trying a rally at these levels. NASDAQ, which has been stronger than the S&P recently, seems the best approach. The delay in Geithner’s speech on bank bail out doesn’t seem to be a …
It will take heroic work by the bulls to maintain Friday’s welcome bounce. There is likely disappointment for the stimulus and bank plan as euphoria melts into reality. And, there is always that nagging feeling of not knowing what else can be done if these …
January, which is supposed to be a harbinger of the year to come, experienced a drop in the S&P of 8.6%. That is on top of the 38% lost last year. The bulls could not hold ’em. In the last half hour the averages gave …
Last week, when North Korea stated it had refined plutonium capable of manufacturing bombs, I wondered about the ramifications. Last night the saber rattling continued. As suggested, this could be simple posturing on the part of North Korea but if not, and it is intended …
Am becoming distrustful of this market. It is having a wicked time getting through S&P 900. And even if it did go through 900 there seems to be all sorts of resistance above that. I bought some double short ETF’s (SDS) this morning. Will hold …
Ugh, the averages finished on their lows. The S&P was off 3.3% to 845. The Dow, off 226, would of been worse had it not been for 3M. A lazy portfolio approach. Should you believe in the long term attractiveness of equity investing but are, …
Futures indicate a down opening as traders cash-in from four days of higher prices. Investors are hyper-sensitive to over-bought or over-sold indicators and take action when either is violated. Few trust this market and most are quick to take any available profits. This strategy is …
After reviewing my notes from the last few days I should have been “all in” on Friday. Things were just getting better and better. Traders were going home long, buying at the close across the board, etc. We cut through S&P 850 like “buttah” and …
We broke through S&P 850 and now at 860. We have to hold that or improve on it or we are in danger of slipping back, back, back. The rest of the morning trade is important to convince bulls that sideline money can be committed.
Pre-market futures indicate the Dow opening up 150 points. As noted last night, the futures took off at the close as reports spread that the government was considering a ‘bad bank”. This entity would presumably buy toxic bank assets, store them, then dispose of them …